With so many heavy hitters endorsing MLM these days it’s amazing that you still get so many different answers to this question. Jim Rohn, President Bill Clinton, Robert Kiyosaki, Donald Trump and Robert Allen have all put their stamp of approval on network marketing over the past few years.
But still, if you ask 10 people it’s not uncommon for it to split right down the middle on if an opportunity is just another MLM scam or if it’s legit. The term most often used is pyramid scheme or pyramid scam.
Even if you ask people who have tried it, you’ll get different answers.
Well I’m here to spill the beans on the topic of MLM Scams. Here we go…
MLM is legit and a powerful business model. The problem is that most people who join an MLM business think that they are going to get rich overnight. This type of business attracts a lot of get rich quick thinkers.
I don’t know what makes someone think that they can quit their 9-5 J.O.B. and work 3 hours a day and get rich without any work. This idea is ridiculous. And then what happens when people finish watching presentations of how powerful the compensation plan is and get out there and do nothing and checks don’t appear they call MLM a scam.
What they fail to realize, is you make money in MLM through hard work. Especially in the beginning. And building businesses requires work. Ask any business owner who has been in business for a while and they will tell you.
Now I will admit, not all companies are created equal. Some go out of business. Some do the wrong things. Some even cheat their representatives out of payments. But this is nothing new in business.
You need to do your due diligence in this area just as you would in any business. Research the company and see how long they have been in business. Learn more about the CEO, competitors, and things like this. Just as you would if you were going for a job interview.
Usually the companies that are startups are the most risky. But again, do your due diligence. Sometimes startups are great as they offer an opportunity to get in on a ground floor opportunity.
The main thing I can’t stress enough is you must do your due diligence. And second, you have to work the business if you expect to see some success with an MLM opportunity. Get the idea of getting rich quick out of your head. Go buy a lotto ticket or go to Vegas if you feel the need to get rich immediately.
